Catalog
1 Sol 1/10 Libra, Gold Certificate
| Issuer | Junta de Vigilancia de Emisión de Cheques Circulares |
|---|---|
| Year | 1917 |
| Type | Standard circulation banknote |
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| Obverse description | A seated Liberty vignette occupies the centre, the allegorical figure resting her right hand upon the Peruvian coat of arms and holding a pole surmounted by a Phrygian cap in her left; a column entwined with a laurel wreath appears to her right. The denomination is rendered in numerals at the left and right flanks of the vignette and repeated in words below it, with numerals and lettered values filling all four corners. The issuer's title arcs in a curved legend above the central vignette. |
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| Obverse lettering | CERTIFICADO DE DEPOSITO DE ORO EMITIDO POR LA JUNTA DE VIGILANCIA DE EMISION DE CHEQUES CIRCULARES DE CONFORMIDAD CON LA LEY Nº 2426 LIMA, UN SOL 10 DE AGOSTO DE 1917 UN DÉCIMO DE LIBRA PERUANA DE ORO (Translation: Gold deposit certificate Issued by Vigilance of Circular Checks Issuing Joint, accordingly to Law # 2426 Lima, One Sol August 10th., 1917 One tenth of Libra Peruana de Oro (Peruvian gold pound)) |
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| Comments |
Peru's Junta de Vigilancia de Emisión de Cheques Circulares was a supervisory body established to manage the country's circulating check system — an arrangement that emerged because commercial banks, rather than a central bank, were supplying the country's paper currency. These cheques circulares were guaranteed by gold reserves held against them, hence the "gold certificate" designation, which was a meaningful contractual claim rather than decorative wording.
The American Bank Note Company handled the bulk of Peru's quality banknote production during this period, and the 1917 series was printed entirely in New York while Peru lacked a functioning central monetary authority. The Banco de Reserva del Perú was only established in 1922, five years after this note's issue.